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Shutting Down Your Tech Company? Here’s What You Need to Know

Shay CPA

Fortunately, as specialists in tech company tax compliance, we can guide you through what you need to know. Research local laws to ensure you’re compliant with account closure requirements in every applicable state. You might need to pay the current calendar year’s franchise tax before you can officially close up shop, for example.

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1031 Exchange Explained: How to Pay Zero Tax on Real Estate Gains

LyfeAccounting

The 1031 exchange specifically comes from Section 1031 in the Internal Revenue Code, and it allows real estate investors to defer paying taxes on real estate gains. This means, you can avoid the biggest expense of them all, which are taxes, and instead use that money to reinvest and make even more money. Example of a 1031 Exchange.